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INES Corporation, First Half Ordinary Profit Increases by 1%

Thu Oct 31, 2024 3:00 pm JST Earnings

9742 INES Corporation 【J-GAAP】

Earnings Report

INES Corporation <9742> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 898 million yen, a 0.9% increase compared to the same period last year. However, The progress rate against the 4 billion yen full-year plan was 22.5%, also falling below the five-year average of 43.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 68.4% from the same period last year, reaching 3.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 7.0 times that of the same period last year, reaching 1.2 billion yen. The operating profit margin drastically improved from 1.7% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 19,987 1,525 1,563 991 47.7 40.3 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 19,612 856 890 473 22.8 32.6 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 18,631 876 898 537 25.8 22.5 Oct 31, 2024 J-GAAP
YoY -5.0% +2.3% +0.9% +13.5% +13.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － － Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 18,631 876 898 537 25.8 25 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 20,945 2,021 1,842 1,322 63.6 25 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,369 3,124 3,102 2,163 104.0 30 Oct 31, 2024 J-GAAP
YoY +21.1% +54.6% +68.4% +63.6% +63.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,404 3,801 3,882 2,541 122.2 45 Apr 28, 2023 J-GAAP
Mar, 2024 40,557 2,877 2,732 1,795 86.3 50 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 44,000 4,000 4,000 2,700 129.8 55 Apr 30, 2024 J-GAAP
YoY +8.5% +39.0% +46.4% +50.4% +50.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,655 162 171 96 4.6 1.7 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 9,393 312 357 236 11.4 3.3 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 11,552 1,709 1,485 1,086 52.2 14.8 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 8,436 -321 -304 -275 -13.2 -3.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 10,195 1,197 1,202 812 39.1 11.7 Oct 31, 2024 J-GAAP
YoY +5.6% +638.9% +602.9% +745.8% +745.5%

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